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GBP/USD Price Analysis: Consolidates losses below 1.3600

GBP/USD bounces off 50-bar SMA towards regaining 1.3600. Bearish MACD, sustained trading below previous support line favor sellers. The 1.3700 threshold can lure bulls during further corrective pullback. GBP/USD retraces the previous day’s heavy losses while picking up the bids near 1.3575-80 during

US STOCKS-Wall Street ends lower on worries over Georgia elections, virus surge

* FLIR jumps on $8 bln takeover deal * Tesla shares hit record high on strong 2020 deliveries * CBOE volatility index hits two-week high (Updates to close, adds new comment) NEW YORK, Jan 4 (Reuters) - Shares on Wall Street closed sharply lower on Monday, sliding from all-time peaks on the first tra

US dollar index outlook: Dollar hits new multi-year low, set for deeper fall in early 2021

US DOLLAR INDEX The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020. Covid-19 pandemic that devastated the US economy and ultra-low interest rates deflated the greenback, while ris

FTSE 100 surge driven by gold miners and entain

A takeover bid for Entain has helped drive the Ladbrokes owner sharply higher. Indeed, UK stocks are generally faring particularly well despite the UK finally being cut adrift of the EU. Dollar weakness is helping lift commodity prices, while traders have one eye on the Georgia runoffs which will de

Japan PM Suga: Will consider state of emergency for Tokyo area

After Japan reported a record 4,520 new coronavirus cases on December 31, Prime Minister (PM) Yoshihide Suga announced that the government would consider declaring a state of emergency for the Greater Tokyo metropolitan area as cases climb and strain the country’s medical system, per Reuters. Key qu

A (markets) journal of the plague year

LONDON (Reuters) - Last December, the first infection with the new coronavirus was reported to the World Health Organization. Twelve months later, as the charts below show, global financial markets have been on a roller coaster like no other. JANUARY JITTERSThe coronavirus wasn’t even the first thin

Market Update: More grief for the greenback

USDIndex, Weekly My diary tells me it’s day 366 of 2020. I started my WFH campaign on March 11, when the USDIndex was trading at 96.40 and on its way to 103.80 by March 23. Today, as we close an unprecedented year, the USDIndex has posted another major-trend low, at 89.51, a level last traded in Apr

Take Five: Vaccine over virus (or Happy New Year)

1/COVID-19 IN ‘21 All hopes for next year - everything from stock market returns to restaurant bookings - are bound up with the view that vaccines will gradually restore normality to a pandemic-ravaged world. The end of the holiday season should lend momentum to vaccine rollouts. The United States,

GBP/USD: Poised to reclaim the 1.3700 level

The UK Parliament approved the Brexit deal and pushed the GBP/USD pair to fresh 32-month tops. The cable now seems to have stabilized just above the 1.3600 mark and is more likely to consolidate in a range amid typical year-end thin trading volumes as bulls turn cautious amid further COVID-19 restri

EXCLUSIVE-Chinese regulators probe Ant Group's equity investments - sources

HONG KONG, Dec 31 (Reuters) - Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, three people with knowledge of the matter said, intensifying a crackdown on billionaire Jack Ma’s financial technology empire. Regulators are considering whether to inst
(BLOOMBERG) Director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci: U.K. Virus Strain Found in California is Within Expectation. - Dec 31, 2020. ...

Japan’s Nishimura: May consider state of emergency on virus rate

Japanese Economy Minister Yasutoshi Nishimura said on Thursday, Japan may consider a state of emergency on virus rate. During the latest coronavirus (COVID-19) update, the Kyodo news said, “The Tokyo metropolitan government reported 944 cases of the novel coronavirus on Wednesday, marking the second

'Boris the betrayer' has swindled us over Brexit, England's fishermen say

NEWLYN, England (Reuters) - For England’s fishermen, Prime Minister Boris Johnson’s Brexit trade deal is a betrayal because it allows some European Union boats continued access to Britain’s rich inshore coastal waters. Johnson, who led the 2016 Brexit campaign, cast the Christmas Eve trade deal as a

Update: gold price under the negative pressure

Gold price trades with clear negativity to head towards potential test to 1852.80 level, making the bearish bias suggested in the upcoming sessions, and we still waiting to confirm breaking the mentioned support or breaching 1875.00 resistance to detect the next destination clearly, noting that the

Midday update for Gold 29-12-2020

Gold price shows some bullish bias in attempt to move away from the bullish channel’s support line, which supports the continuation of the expected bullish trend scenario for today, motivated by stochastic positivity, waiting to visit 1905.00 as a next main station, reminding you that the continuati

Pull-up Update